Groww vs Cholamandalam Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Cholamandalam Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and Cholamandalam Securities.

Background

Year of Incorporation 2017 1978
Website https://groww.in/ https://www.cholamandalam.com/
Phone +91 9108800604 1800-102-4565
Exchanges enabled NSE, BSE, MCX & NCDEX BSE, NSE
Demat (NSDL/CDSL) NSDL CDSL and NSDL
Brokerage

Equity Rs 20 or 0.05% per order 0.50% per Executed Order
Equity Futures Rs 20 per executed order 0.05% per Executed Order
Equity Options Rs 20 per executed order Rs.50 per Lot
Currency Futures Not Available 0.05% per Executed Order
Currency Options Not Available Rs.25 per Lot
Commodity Not Available Not Available
Account Opening Costs

Trading only Free Free
Trading & Demat Rs. 0 Rs.300
Commodity Rs. 0 Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325%
Futures 0.0035% 0.0019% of Turnover
Options 0.07% 0.05% of Turnover
Commodities 0.004% Not Available
AMC charge Rs 0 Rs.300 per Annum
DP Transaction Charge Rs.13.5 per Scrip Rs 20
Offline order placing Charge Rs 25 Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 7 Days
End of Day 10 days 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures Upto 2x for intraday Upto 3x
Equity Options No leverage Upto 5x
Currency Futures Upto 2x for intraday Upto 3x
Currency Options No leverage Upto 3x
Commodity Upto 2x for intraday Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 70.6 crores Rs (2,938) Crores
Profit after Tax FY12/13 Rs 70.48 crores Rs 3,655 Crores
Profit after Tax FY13/14 Rs 73.78 Crore Rs 2,364.01 Crores
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 4,735.16 Crores
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 6,568.45 Crores
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 7,819 Crores
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 9,618 Crores
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 11,186 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 12,052.73 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 15,515.44 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 18,147.94 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 21,666.69 Crores
Debt FY11/12 Rs 51 Crores Rs 4.7 Crores
Debt FY12/13 Rs 41.5 Crores Rs 8.87 Crores
Debt FY13/14 Rs 42.93 Crores Rs 10.90 Crores
Debt FY14/15 Rs 49.48 Crores Rs 15.15 Crores
Debt FY15/16 Rs 41.73 Crores Rs 18.36 Crores
Debt FY16/17 Rs 54.26 Crores Rs 19.23 Crores
Debt FY17/18 Rs 69.77 Crores Rs 20.96 Crores
Debt FY18/19 Rs 57.16 Crores Rs 19.64 Lakhs
Debt FY19/20 Rs 51.39 Crores Rs 24.17 Crores
Debt FY20/21 Rs 57.47 Crores Rs 27.39 Crores
Debt FY21/22 Rs 77.59 Crores Rs 28.52 Crores
Debt FY22/23 Rs 80.11 Crores Rs 29.61 Crores
Profit to Equity(%) FY11/12 12.90% 15.74%
Profit to Equity(%) FY12/13 12.38% 16.68%
Profit to Equity(%) FY13/14 14.86% 17.34%
Profit to Equity(%) FY14/15 17.05% 17.73%
Profit to Equity(%) FY15/16 14.29% 18.75%
Profit to Equity(%) FY16/17 19.11% 18.49%
Profit to Equity(%) FY17/18 21.51% 17.54%
Profit to Equity(%) FY18/19 18.17% 18.53%
Profit to Equity(%) FY19/20 14.49% 18.09%
Profit to Equity(%) FY20/21 18.46% 19.34%
Profit to Equity(%) FY21/22 14.70% 20.30%
Profit to Equity(%) FY22/23 25.75% 21.18%
Balance Sheet Size FY11/12 Rs 2264 Crores Rs 9,678.26 Crores
Balance Sheet Size FY12/13 Rs 2596.15 Crores Rs 13,430.26 Crores
Balance Sheet Size FY13/14 Rs 2803.40 Crores Rs 18,184.80 Crores
Balance Sheet Size FY14/15 Rs 2936.36 Crores Rs 21,546.80 Crores
Balance Sheet Size FY15/16 Rs 3133.57 Crores Rs 23,873.23 Crores
Balance Sheet Size FY16/17 Rs 3544.52 Crores Rs 30,594.80 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crores Rs 44,089.73 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Crores Rs 57,426.30 Crores
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 64,002.39 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 74,548.42 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 82,363.68 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 1,13,515.90 Crores

Comparison Link:

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Frequently Asked Questions

Is Groww better than Cholamandalam Securities ?

Groww and Cholamandalam Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Cholamandalam Securities better than Groww ?

Groww and Cholamandalam Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Groww cheaper than Cholamandalam Securities ?

Groww and Cholamandalam Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Cholamandalam Securities cheaper than Groww ?

Groww and Cholamandalam Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Groww vs. Cholamandalam Securities ?

To find out the better of the two stockbrokers Groww and Cholamandalam Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.